Morning Business News Round Up_August 04,2016

Morning Business News :

  • GST rate of 18-20% to cause mild inflation: Economists
  • Telcos penalised for wrong subscriber verification
  • Credit and deposit growth remains tepid for banks
  • India’s July Iranian crude imports surge 21%
  • ‘5,200 MW solar capacity to be added in 2016-17’
  • No proposal from Apple to make iPhones in India as yet
  • GST to make insurance costlier by 300 bps
  • Cabinet nod to bring Uber, Ola under Motor Vehicles Act
  • RS passes GST Constitutional Amendment Bill
  • Essel group to set up virtual network operation with BSNL
  • Cabinet approves a flat SUC of 3% for upcoming spectrum auction
  • FIPB clears 7 foreign investment proposals worth Rs 300 cr
  • NSE group firm, CERSAI unveil online C-KYC registry

  • GST to curb black money, April 2017 roll-out tough: Experts
  • Anti-dumping duty plan may boost steelmakers
  • NSE Q1 net drops 44% to Rs. 187 cr on SGF transfer
  • Petroleum Ministry asks FinMin to reduce crude oil cess
  • Dredging Corpn achieves Rs. 676 cr turnover in 2015-16
  • Markets have already priced-in GST passage, say analysts
  • SunEdison India sale said to draw Khazanah, Hindujas
  • Reliance Jio gets green nod for AAE-I subsea cable project
  • Tata Technologies plans to acquire companies to expand its defence footprint
  • ICRA lowers outlook on Adani Ports, reaffirms ratings
  • Samsung said in talks to buy assets of Fiat auto-parts unit
  • CCEA okays formula to pay production subsidy to sugar mills
  • Government to further import 30,000-tonne tur, urad pulses
  • Govt gives nod to monetize 75 road projects; to garner Rs 1L cr
  • 25-30 yrs needed for lifting poor above international line: Govt
  • Cabinet gives nod to new Motor Bill, steep penalties proposed for violation of traffic norms
  • Franklin Templeton MF’s assets fall on quality issues
  • Global gold ETFs see record inflows, hold 2,240 tonne
  • Reforms, monetary policy to push growth to 8%: S&P
  • TVS Motor eyes 18% market share in 2 years
  • Anti-China steel tariffs bite engg, manufacturing firms
  • Bitcoin worth $72m stolen from Bitfinex exchange in HK

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